News Archives for Print - 2020-02-15

Print - 2020-02-15

GSP-Plus status: 5 key reservations of EU addressed, NA told

The government informed the National Assembly on Friday that five key reservations of the European Unions (EU) have been addressed after a series of fruitful meetings, and now it was optimistic that the GSP-Plus status to Pakistan would be extended.

Published 15 Feb, 2020 12:00am

Immoveable properties: FBR revising valuation tables to raise revenue

The Federal Board of Revenue (FBR) is going to revise the valuation tables of immoveable properties to enhance its revenue from sale/purchase transactions; it is learnt. According to sources, the board has decided to make upward revision in the property r

Published 15 Feb, 2020 12:00am

MoU on energy sector inked

Pakistan and Turkey Friday signed a memorandum of understanding (MoU) on intensifying cooperation in the energy sector. The MoU is part of other agreements that were signed during the visit of President of Turkey Recep Tayyip Erdogan to Pakistan.

Published 15 Feb, 2020 12:00am

Erdogan addresses business forum

Turkish President Recep Tayyip Erdogan has said that being one of the top 20 economies of the world, Turkey was increasing investments in Pakistan. He said that they had brought down debt from 72 percent to 33 percent of GDP.

Published 15 Feb, 2020 12:00am

Trade to be increased to $5 billion by 2023: Erdogan

Turkish President Recep Tayyip Erdogan has stated that bilateral trade between the two countries would be increased to $5 billion by 2023 and agreements signed would further deepen relations between Pakistan and Turkey.

Published 15 Feb, 2020 12:00am

Turkey reiterates support against FATF challenge

Turkish President Recep Tayyip Erdogan on Friday reiterated his country's support to Pakistan in Financial Action Task Force (FATF) as well as in resolution of Kashmir issue "on a just and equitable basis rather than through conflict and oppression".

Published 15 Feb, 2020 12:00am

Data hacking fear: Senior officials asked to replace cell phones

The Cabinet Division has reportedly directed senior government and military officials to immediately replace their cell phones purchased before May 10, 2019, due to fear of data hacking by foreign spy companies.

Published 15 Feb, 2020 12:00am

Stocks

PSX extends losses: BRIndex100 stays bearish

Pakistan Stock Exchange Friday witnessed a bearish trend due to selling in various sectors. BRIndex100 lost 18.09 points or 0.43 percent to close at 4,204.85 points. BRIndex100 touched intraday high of 4,225.17 and intraday low of 4,185.70 points. Volumes

Published 15 Feb, 2020 12:00am

China's economy limps back to life

The Chinese capital Beijing on Friday imposed a 14-day self-quarantine on people returning to the city from holidays to prevent the spread of the new coronavirus, and threatened to punish those who failed to comply. It was not immediately clear how the re

Published 15 Feb, 2020 12:00am

February SPI up 16.38 percent YoY

Sensitive Price Indicator (SPI) on year-on-year (YoY) basis went up by 16.38 percent from 112.43 points to 130.85 points, according to SPI data released by the Pakistan Bureau of Statistic (PBS). The PBS claimed that wheat flour price during the week went

Published 15 Feb, 2020 12:00am

PM hints at interest rate cut

Prime Minister Imran Khan has hinted at the possibility of a cut in policy rate for industrial growth and stated that the government would not increase electricity tariff further.

Published 15 Feb, 2020 12:00am

Senate adopts six major bills moved by government

In a major development, the Senate Friday passed six government bills, five of which have already been passed by the National Assembly and would soon become the Acts of Parliament following the assent from President Arif Alvi.

Published 15 Feb, 2020 12:00am

'Considerable' progress made: IMF

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF's Execu

Published 15 Feb, 2020 12:00am

KP government, Pesco agree to provide cheap power to industries

The provincial government of Khyber Pakhtunkhwa and Peshawar Electric Supply Company (PESCO) have agreed in principles for provision of the 18MW cheap electricity of the Pehur Hydel Power Station on wheeling model to industries.

Published 15 Feb, 2020 12:00am

Biggest jump in world defence spending in 10 years: study

Global spending on defence rose by four percent in 2019, the largest growth in 10 years, led by big increases in the US and China, a study said Friday.

Published 15 Feb, 2020 12:00am

JUI-F dares PM to apply Article 6 on Fazl

In a tit-for-tat response to the government, Jamiat Ulema-e-Islam-Fazl (JUI-F) on Friday challenged Prime Minister Imran Khan to proceed with his "whimsical daydream" to apply Article 6 on party chief Maulana Fazlur Rehman.

Published 15 Feb, 2020 12:00am

World less safe as US retreats, warns Germany

German President Frank-Walter Steinmeier on Friday warned that President Donald Trump's "America First" strategy had shaken up the international order and fuelled insecurity in an unstable world.

Published 15 Feb, 2020 12:00am

PFA seals 12 food businesses for violating rules

Following the directions of Prime Minister Imran Khan and Chief Minister Punjab Sardar Usman Buzdar, Punjab Food Authority (PFA) on Friday launched a province-wide grand operation to control the adulteration and forgery in the food industry.

Published 15 Feb, 2020 12:00am

Power sector's performance further worsens

The performance of power sector has further worsened with respect to losses and recoveries during the first half of current fiscal year in general and in December 2019 in particular, well-informed sources told Business Recorder.

Published 15 Feb, 2020 12:00am

Germany busts 'terrorist organisation'

German police detained 12 men on Friday suspected of setting up a far-right organisation with the goal of carrying out attacks against politicians, asylum seekers and Muslims, the Federal Prosecutor's Office (GBA) said.

Published 15 Feb, 2020 12:00am

Letters

The brightest ones are put in detention!

The school of love has strange ways: the brightest ones are put in detention. How ironic it is that those bureaucrats who had qualified the test to become eligible for promotion in grade 21-20 have been deprived promotion, whereas others, who had not pass

Published 15 Feb, 2020 12:00am

Articles

Asian plane makers struggle to take off in crowded market

Asian plane makers have thrown huge sums at building jets but flagship projects have suffered repeated setbacks, and they face a tough time breaking into a market dominated by established players. The Asia-Pacific region is the world's biggest aviation ma

Published 15 Feb, 2020 12:00am

Articles

Portuguese communities lock horns with lithium miners

The lush, green hills where Paulo Pires has for years brought sheep to graze above his picturesque Portuguese village may soon be transformed by the race to power electric vehicles. Signs of change already give him sleepless nights. Hundreds of drill hole

Published 15 Feb, 2020 12:00am

Articles

What is wrong

Well, depends on who you listen too, or rather want to listen too. The IMF-led government version is that things are on track, thanks to the finance team, by and large, adhering to the structural reforms programme and good days are around the corner - wel

Published 15 Feb, 2020 12:00am

Articles

Reforms in energy sector

The federal government has decided to set up Pakistan Petroleum Exploration and Production Authority as part of its plan to introduce reforms in the oil and gas sector. Presently, the energy ministry enjoys both the powers of policymaking and regulation.

Published 15 Feb, 2020 12:00am

EU's concerns

The European Commission of the European Union (EU) has in its biannual report on its Generalised Scheme of Preferences (GSP+) vis-à-vis Pakistan delivered a mixed balance-sheet of progress and failings regarding fulfilment of the country's commitments to

Updated 15 Feb, 2020 07:08am

Fall in wheat sowing

It is sad to learn that wheat target of 2019-20 season in Pakistan has been missed by about 2.5 percent. According to the final estimates now available with Ministry of National Food Security and Research (MNFS&R), wheat during the current season was sown

Updated 15 Feb, 2020 07:08am

Ministry's petition challenging advocate's release adjourned till February 18

The Supreme Court on Friday adjourned hearing of Ministry of Defence's petition, challenging the release of advocate Col Inamur Raheem (retired) till February 18.

Published 15 Feb, 2020 12:00am

IT & Computers

Regulating social media in public interest, says Fawad

Federal Minister for Science and Technology Fawad Chaudhry on Friday said that regulating social media was in public interest, besides bringing the social media companies under Pakistan's legal framework was imperative.

Published 15 Feb, 2020 12:00am

IT & Computers

PBC rejects new social media rules

The Pakistan Bar Council (PBC) on Friday rejected the reported approval of new rules to rein in social media and curtail freedom of expression by the government without any consultation with relevant stakeholders.

Published 15 Feb, 2020 12:00am

Modi has no option but to resolve Kashmir issue: Sarwar

Punjab Governor Chaudhry Mohammad Sarwar has said that Turkish President Recep Tayyip Erdogan has given a solid message to the world on Kashmir issue and Indian PM Narendra Modi has no other option but to settle down Kashmir issue.

Published 15 Feb, 2020 12:00am

Firdous praises Erdogan for highlighting Kashmir issue

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan praised Turkish President Recep Tayyip Erdogan highly for supporting Pakistan's stance on the issue of Kashmir.

Published 15 Feb, 2020 12:00am

NA speaker lauds Erdogan's support for Kashmir cause

National Assembly Speaker Asad Qaiser has said that people of Pakistan are grateful to President of Turkey Recep Tayyip Erdogan for his support on Kashmir issue.

Published 15 Feb, 2020 12:00am

Money & Banking

Askari Bank posts record profit

Askari Bank announced its results for 2019 showing highest-ever profit of Rs 7.03 billion, a 59 percent increase from last year. EPS for 2019 is reported at Rs 5.58 compared to Rs 3.51 last year. The Bank also announced a cash dividend of Rs 1.5 per share

Published 15 Feb, 2020 12:00am

Shahbaz slams Imran's statement against Fazl

PML-N President and National Assembly Opposition Leader Shahbaz Sharif have slammed Imran Khan's statement about charging JUI-F Chief Maulana Fazl-ur-Rehman with treason.

Published 15 Feb, 2020 12:00am

Stocks

Non-compliance: PSX suspends TRE Certificate of Reliance Securities

Pakistan Stock Exchange (PSX) has suspended the TRE Certificate of M/s Reliance Securities Limited with immediate effect. A notice issued by Abbas Mirza, General Manager and Acting Chief Regulatory Officer PSX said that the TRE Certificate of M/s Reliance

Published 15 Feb, 2020 12:00am

Naya Nazimabad scandal: DC West's action amounts to contempt of court, says JCL

Javedan Corporation Limited (JCL) has termed the action taken by Deputy Commissioner West, as contempt against the clear instructions given by the Sindh High Court in its restraining orders on February 11, 2020.

Published 15 Feb, 2020 12:00am

IT & Computers

IT industry lacks trained human resource: JBS

CEO Jaffer Business Systems (JBS), Viqar ul Islam has said that Pakistan has to be turned around once again if business sector valuing all type of technology and information technology professionals grow their business.

Updated 15 Feb, 2020 10:59am

23 Indian fishermen arrested

Pakistan maritime security agency on Friday arrested as many as 23 Indian fishermen over violation of sea limits between the two countries.

Published 15 Feb, 2020 12:00am

Cricket

OPPO becomes official smartphone partner of HBL PSL 2020

OPPO, a leading smartphone brand in Pakistan, has become an official smartphone partner of HBL Pakistan Super League 2020. Reiterating the significance of cricket in Pakistan, OPPO Pakistan CEO George Long said here on Friday that they are proud to partne

Published 15 Feb, 2020 12:00am

Bayer announces new herbicide molecule in early development

Bayer recently announced its pipeline project advancements and newly unveiled research in a dedicated research and development (R&D) pipeline update for the Crop Science Division.

Published 15 Feb, 2020 12:00am

Cotton & Textile

PTA rejects proposed hike in electricity tariff

Chairman Pakistan Tanners Association (PTA), Sheikh Afzal Hussain has condemned the proposed 38 percent increase in tariff of electricity by under quarterly adjustment formula framed by NEPRA & further increased fuel in Pakistan, terming it as last hammer

Published 15 Feb, 2020 12:00am

Money & Banking

Proposed ADP schemes: Sindh government departments required to submit 1st edition by February 17

Sindh government's departments are required to submit the 1st edition of proposed schemes in Annual Development Programme (ADP) 2020-21 by February 17, 2020. Provincial departments are supposed to submit it with Planning & Development Department and Finan

Published 15 Feb, 2020 12:00am

PU to sign MoU with FWCCI soon: VC

University of Punjab and Faisalabad Women Chamber of Commerce & Industry (FWCCI) will ink a Memorandum of Understanding (MoU) soon to strengthen industry-academia linkage in addition to enhance women entrepreneurs, said Dr Niaz Ahmad Akhtar, Vice Chancell

Published 15 Feb, 2020 12:00am

Energy

NTDC installs auto transformers at 220kV Ghazi grid station

In order to cater for the increased demand of electricity during summer season, National Transmission and Dispatch Company Ltd (NTDC) is all set to overcome the system constraints on identified 500 and 220 kV grid stations across the country. A 250 MVA tr

Published 15 Feb, 2020 12:00am

Buzdar terms Erdogan's support on Kashmir issue 'Pakistan's victory'

While welcoming the Turkish President's address to the joint session of the Parliament, Punjab Chief Minister Sardar Usman Buzdar on Friday said that Recep Tayyip Erdogan has won our hearts by, again, supporting the stance of Pakistan over the core issue

Published 15 Feb, 2020 12:00am

Conference on Hazrat Fatima (RA) held

A one-day conference was organized by "The Erudite Collective" in connection with the birthday celebrations of Hazrat Fatima (RA) here on Friday. The conference was preceded around the theme 'For all of us: Fatima is the Nucleus.'

Published 15 Feb, 2020 12:00am

Business & Economy

HNMPLA inaugurates 3S franchise dealership in Faisalabad

Hyundai Nishat Motor (Private) Limited inaugurated its 3S Franchise Dealership, Hyundai D-Ground in Faisalabad. The dealership is located in the heart of the city with a combined area of 50,000 Square Feet.

Published 15 Feb, 2020 12:00am

'Honorary Consulate of Swaziland to be established in Islamabad soon'

Prince Thumbu Muzi Dlamini, son-in-law of Nelson Mandela has said that honorary Consulate of Swaziland to be established in Islamabad very soon. He was speaking at the Lahore Chamber of Commerce and Industry. Prince Magudvulela, Senator in Swaziland Parli

Published 15 Feb, 2020 12:00am

Four die as boundary wall caves in

As many as four labourers were killed and two others sustained injuries after the boundary wall of an under-construction building collapsed in Shafiqabad area on Friday, police and rescuers said. According to Rescue 1122, the laborers were renovating the

Published 15 Feb, 2020 12:00am

Business & Economy

Revival of economy government's topmost priority: Sarwar

Punjab Governor Ch Muhammad Sarwar has said the government is striving to revive the country's economy, which is the topmost priority right now.

Published 15 Feb, 2020 12:00am

Pakistan values unique ties with Turkey: COAS

Chief of the Army Staff General Qamar Javed Bajwa on Friday said that Pakistan values its unique relationship with Turkey, said Inter-Services Public Relations (ISPR). Talking to Turkish Defence Minister Hulusi Akar, who called on him at the General Headq

Published 15 Feb, 2020 12:00am

Pakistan's small hospitals sans sterilisation equipment, opine experts

National and International health experts said there is no sterile system in Pakistan's small hospitals nor do they know the standard way to clean the equipment from the effects of infection.

Published 15 Feb, 2020 12:00am

Pakistan and Turkey issue joint declaration

Pakistan and Turkey issued a joint declaration on Friday at the conclusion of President Recep Tayyip Erdogan's two-day visit, emphasizing the need for converting the existing ties into a strategic economic partnership.

Published 15 Feb, 2020 12:00am

IT & Computers

IT expo planned in Faisalabad

First IT Expo & Award 2020 - "Digital Faisalabad" will be held in April to showcase the IT-related achievements of Faisalabad, said Rana Sikandar-e-Azam Khan, President Faisalabad Chamber of Commerce & Industry (FCCI). Inaugurating the web portal of Digit

Published 15 Feb, 2020 12:00am

ICMAP signs MOU with Bahauddin Zakariya university

Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) and the Bahauddin Zakariya University (BZU), entered into a Memorandum of Understanding. Vice Chancellor Prof Dr Mansoor Akbar Kundi (BZU) hosted the ceremony at BZU in Multan.

Published 15 Feb, 2020 12:00am

Business & Economy

JICA to finance merged tribal districts' road infrastructure

The governments of Japan and Khyber Pakhtunkhwa have agreed on mutual cooperation in the development of road infrastructure of the newly-merged tribal districts. Both parties were agreed during a meeting of Japanese Ambassador Kuninori Matsuda with Chief

Published 15 Feb, 2020 12:00am

Students stranded in Wuhan: IHC directs government to have focal person for facilitating parents

The Islamabad High Court (IHC) on Friday directed the government to appoint a focal person to facilitate and satisfy the parents of Pakistani students stranded in China's coronavirus-hit city, Wuhan. IHC Chief Justice Athar Minallah is hearing a petition

Published 15 Feb, 2020 12:00am

FINCA joins hands with The Citizens Foundation

As a part of its corporate social responsibility initiatives, FINCA Microfinance Bank Pakistan participated in this year's ILMATHON 2020 pledging to sponsor 1 year education of 18 students in collaboration with The Citizens Foundation (TCF).

Published 15 Feb, 2020 12:00am

Roman Yazbeck made Philip Morris (Pak) Limited's MD

Philip Morris (Pakistan) Limited announced the appointment of Roman Yazbeck as its Managing Director. Since joining PMI in 1996, Roman has built an impressive career defined by progress and passion across functions and continents.

Published 15 Feb, 2020 12:00am

Nawaz's health could be at risk if angiography delayed: medical report

The former premier Nawaz Sharif's health could be at risk, if his angiography is delayed anymore. This was revealed in the latest medical report of Nawaz Sharif submitted to the accountability court by his counsel, it has been learnt.

Published 15 Feb, 2020 12:00am

'Open Day 2020' held at IoBM

As many as 18 schools and colleges visited the Institute of Business Management (IoBM) to attend its Open Day 2020 held on February 13. The objective of this event was to create awareness for IoBM's undergraduate programmes for prospective students. It wa

Published 15 Feb, 2020 12:00am

Doctor's reinstatement: SC suspends tribunal's decision

The Supreme Court of Pakistan on Friday suspended an order of Punjab Service Tribunal (PST) reinstating a doctor Saeed Ahmad Khan held responsible for death of seven newborns in Services Hospital. A bench headed by Chief Justice Gulzar Ahmad was hearing a

Published 15 Feb, 2020 12:00am

Cotton & Textile

Textile mills representatives summoned for not complying with environmental laws

Director General (DG) Sindh Environmental Protection Agency (SEPA) on Friday asked representatives of five textile mills operating in District Malir to appear in person before him for not 'fully complying' with the environmental laws, on February 19.

Published 15 Feb, 2020 12:00am

Business & Economy

PIBT only coal handling terminal, declares CCP

The Competition Commission of Pakistan (CCP) has declared that M/s Pakistan International Bulk Terminal Limited (PIBT) is the only coal handling terminal in Pakistan, and that it was against any discriminatory actions on part of the terminal.

Published 15 Feb, 2020 12:00am

Energy

Engro, Shell sign HOA for access to extended import terminal capacity

During a speech at the Pakistan Energy Reform conference in Islamabad the CEO of EngroElengy Terminal Limited (EETL) Jahangir Piracha announced the signature of heads of agreement (HOA) with Excelerate and with Shell for the expansion of the Elengy Termin

Published 15 Feb, 2020 12:00am

Articles

Partly Facetious: Erdogan in capital

"Erdogan arrived and I had to face the worst-ever traffic crisis during the past seven years."

Published 15 Feb, 2020 12:00am

Yemen's Huthis drop 'tax' threat that jeopardised aid

Yemen's Huthi rebels said Friday they have dropped a threat to impose a tax on aid, in a significant step towards resolving a crisis that has jeopardised the world's biggest humanitarian operation. United Nations leaders and aid groups held crunch talks i

Published 15 Feb, 2020 12:00am

Syrian chopper downed over rebel area, killing crew

A Syrian military helicopter was shot down over the last major rebel bastion in northwest Syria on Friday, the second such incident in a week of high tensions with Turkey. The attack in a region where Turkish troops and Russian-backed government forces ha

Published 15 Feb, 2020 12:00am

Amnesty says leading human rights defender being held secretly

Amnesty International said the head of a human rights group in Chad was being "secretly detained" for saying on social media that President Idriss Deby Itno had been hospitalised.

Published 15 Feb, 2020 12:00am

Tractors snarl Valencia as farmers demand fair prices

Thousands of Spanish farmers were out protesting on Friday, their tractors gridlocking the streets of Spain's third-largest city as they demanded "fair prices" for their products. Since the end of January, thousands of farmers and livestock breeders have

Published 15 Feb, 2020 12:00am

Virus could mean $5 billion in airline losses: UN agency

The new coronavirus outbreak could mean a $4-5 billion drop in worldwide airline revenue, the International Civil Aviation Organization said on Thursday. The UN agency reported that 70 airlines have canceled all international flights in and out of China a

Published 15 Feb, 2020 12:00am

Fifteen children killed in Haiti orphanage fire

A fire swept through an unlicensed orphanage outside Haiti's capital Port-au-Prince, killing 15 children, a local judge told AFP on Friday. The building - which had not been authorized to operate as an orphanage since 2013 - housed about 66 children, said

Published 15 Feb, 2020 12:00am

Thousands of Iraq cleric's supporters hold counter-protests

Thousands of supporters of Iraqi cleric Moqtada Sadr protested on Friday to support the sanctity of "religious symbols," a day after a march saw unprecedented public criticism of their leader.

Published 15 Feb, 2020 12:00am

US bans visits by Sri Lanka army chief over war crimes

The United States said Friday it would refuse entry to Sri Lanka's army chief over "credible" evidence of human rights violations in the bloody 2009 finale to the civil war. Lieutenant General Shavendra Silva, whose appointment last year drew wide interna

Published 15 Feb, 2020 12:00am

Money & Banking

Yen edges up in Asia on virus woes

The Japanese yen held gains against the dollar on Friday, as fresh doubts about the scale of the coronavirus outbreak supported demand for safe-haven currencies.

Published 15 Feb, 2020 12:00am

Money & Banking

Euro drops to new low in Europe

The euro fell again to a nearly three-year low on Friday amid worries about slowing growth in the euro zone, as fourth-quarter data confirmed the economy's sluggish performance. The euro has lost close to 1% so far this week and is on track for its worst

Published 15 Feb, 2020 12:00am

Money & Banking

Early trade in New York: euro rebounds against greenback

The euro bounced against the greenback on Friday as US stocks declined from record highs, though concerns about growth in the eurozone are expected to keep weighing on the single currency.

Published 15 Feb, 2020 12:00am

Money & Banking

Euro sinks against dollar in New York

The euro dropped to more than two-year lows against the dollar on Thursday as concerns about a sharp rise in the number of new cases in the coronavirus outbreak in China led investors to seek out US assets.

Published 15 Feb, 2020 12:00am

Money & Banking

South Africa's rand up

South Africa's rand firmed on Friday after President Cyril Ramaphosa set out brief plans to stimulate economic growth during his state of the nation address, although his speech was short on specifics and timeframes.

Published 15 Feb, 2020 12:00am

Money & Banking

Most Asian units weaken on virus anxiety

Most emerging Asian currencies weakened against the US dollar on Friday, but were on course for weekly gains, supported by prospects of stimulus measures by policymakers to shield their economies from the impact of the coronavirus outbreak.

Published 15 Feb, 2020 12:00am

Money & Banking

Sterling set for biggest weekly gain in two months

Sterling held on to most of its overnight gains on Friday and was set for its biggest weekly rise in two months, as investors ramped up expectations the new British finance minister would unveil a more expansionary budget next month.

Published 15 Feb, 2020 12:00am

Money & Banking

Australian, New Zealand dollars set for weekly gains

The Australian and New Zealand dollars are set for their first weekly gain in six though doubts over whether a new viral epidemic spreading from China can be controlled have kept investors on the edge.

Published 15 Feb, 2020 12:00am

Other

Thompson topples top seed Isner in New York

Australian Jordan Thompson upset US top seed John Isner 7-6 (7/2), 6-7 (3/7), 6-3 on Thursday to reach the ATP New York Open quarter-finals. Thompson, who will face Italy's Andreas Seppi on Friday for a berth in the semi-finals, avenged a loss to Isner in

Published 15 Feb, 2020 12:00am

Other

WHO says not advising on whether to hold Tokyo Olympics

The World Health Organisation on Friday said it was not advising on whether or not to go ahead with the Tokyo Olympics this year amid the novel coronavirus outbreak.

Published 15 Feb, 2020 12:00am

Cricket

United against Sultans, a fascinating HBL PSL battle

The HBL Pakistan Super League (PSL), which provided rich cricketing entertainment to fans in the last four seasons, is set to show quality game in its fifth edition starting from February 20 with opening match at Karachi.

Published 15 Feb, 2020 12:00am

Other

Pakistan reach semis of World Kabaddi Cup

Pakistan and India won their last pool matches of Kabaddi World Cup 2020 comfortably against Azerbaijan and England, respectively at Ch Zahoor Elahi Stadium, Gujrat on Friday.

Published 15 Feb, 2020 12:00am

Cricket

India hails 'landmark' extradition of alleged cricket match-fixer

The head of Indian cricket's anti-corruption watchdog said on Friday Britain's extradition of accused match-fixer Sanjeev Chawla was "a legal landmark".

Published 15 Feb, 2020 12:00am

Cricket

HBL PSL 2020 schedule of Media Day announced

To provide better player access to the media during the HBL Pakistan Super League 2020, the Pakistan Cricket Board (PCB) has announced to organise Media Days in the lead up to its flagship event, which will be attended by all the sides.

Published 15 Feb, 2020 12:00am

Cricket

South Africa delays Pakistan tour due to player workload

The Cricket South Africa (CSA) have expressed their inability to tour Pakistan next month but assured the Pakistan Cricket Board (PCB) that they will honour the commitment of sending their side as soon as it is reasonably possible.

Published 15 Feb, 2020 12:00am

Cricket

KP U-21 Inter-Tehsil Games begins

Tehsil Tangi upset strong Shabqadar Tehsil in the opening match of the Khyber Pakhtunkhwa U21 Inter-Tehsil Games which got underway at Abdul Wali Khan Sports Complex Charsadda amidst great fun and tight security with hundreds of spectators turned up.

Published 15 Feb, 2020 12:00am

Other

Former England defender Watson has brain illness

Former England defensive stalwart Dave Watson is suffering from a degenerative brain disease probably brought on by repeatedly heading the ball, his wife revealed on Friday.

Published 15 Feb, 2020 12:00am

Global Business Economy

New budget plan sets stage for EU summit battle

Brussels set the stage Friday for a fierce budget battle at next week's extraordinary EU summit, with a trillion-euro plan that meets no-one's demands. The summit's host, European Council president Charles Michel, is seeking a compromise to clear a path t

Published 15 Feb, 2020 12:00am

Global Business Economy

Delta Air Lines to invest $1 billion to reduce emissions

Delta Air Lines said Friday it plans to invest $1 billion over the next decade to reduce its emissions, the first major airline to make such a commitment.

Published 15 Feb, 2020 12:00am

Telecommunication

Supreme Court orders Indian telcos to pay $13 billion or face action

India's Supreme Court on Friday ordered top telecom companies to pay $13 billion in unpaid spectrum and licensing fees by March 17 or face punishment in a fresh blow to ailing mobile carriers.

Published 15 Feb, 2020 12:00am

Global Business Economy

France, Australia recommit to troubled subs deal

France and Australia on Friday reaffirmed their "full commitment" to ensuring local firms play a role in building Australia's next generation submarines, after the main French contractor suggested Australian industry was not up to the job.

Published 15 Feb, 2020 12:00am

IT & Computers

Facebook's Zuckerberg wants 'new framework' for digital tax

Facebook founder and CEO Mark Zuckerberg on Friday backed moves by the OECD group of free-market economies to reform the way online giants are taxed worldwide, even if that means companies like his own paying more to national governments.

Published 15 Feb, 2020 12:00am

Global Business Economy

Renault reports net losses of 141 million euros

French carmaker Renault went into the red last year, the first time in a decade, with net losses of 141 million euros ($152 million) due to lower sales and a falling contribution from its Japanese partner Nissan. Renault said its outlook for 2020 was blea

Published 15 Feb, 2020 12:00am

Global Business Economy

Hong Kong unveils cash handouts as virus deepens economic woes

Hong Kong announced a slew of cash subsidies on Friday to help businesses that have been battered by the coronavirus outbreak in a city already reeling from a recession.

Published 15 Feb, 2020 12:00am

Global Business Economy

Kosovo and Serbia announce plans for rail, road links

Serbia and Kosovo's presidents announced US-brokered deals on Friday to work on building road and rail links between their capitals, the latest transport agreement between former war foes who rarely find common ground. The letters of intention were inked

Published 15 Feb, 2020 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 12	278
USD PKR Interbank Buying / Nov 12	277.75
USD to Japanese Yen / Nov 12	153.83
USD to Swiss Franc / Nov 12	0.88
Pound Sterling to USD / Nov 12	1.28
Euro to USD / Nov 12	1.06

Stock	Volume
S&P 500 / Nov 11	6,001.35
Nasdaq / Nov 11	19,298.77
Dow Jones / Nov 11	44,293.13
India Sensex / Nov 12	78,930.71
Tokyo Nikkei / Nov 12	39,376.09
Hang Seng / Nov 12	19,825.28
FTSE 100 / Nov 12	8,078.78
Germany DAX 30 / Nov 12	19,259.41

Item	Value
Crude Oil USD/Barrel / Nov 12	68.03
Karachi Cotton PKR/37.32 KG / Nov 12	18,085
Gold 10 Grams PKR / Nov 12	231,911
Gold Spot USD/Ounce / Nov 12	2,600.75
Cotton US¢/pound / Nov 12	72.18
Petrol/Litre / Nov 13	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▼ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▼ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▼ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▲ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▲ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▲ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	98,601,408 ▲ 0.00
Pak Elektron / Nov 13 Pak Elektron Limited(PAEL)	78,094,188 ▲ 0.00
K-Electric Ltd. / Nov 13 K-Electric Limited(KEL)	70,187,495 ▲ 0.00
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	31,959,599 ▲ 0.00
B.O.Punjab / Nov 13 The Bank of Punjab(BOP)	30,732,112 ▲ 0.00
The Searle Co. / Nov 13 The Searle Company Limited(SEARL)	25,361,739 ▲ 0.00
Citi Pharma Ltd / Nov 13 Citi Pharma Ltd.(CPHL)	22,856,315 ▲ 0.00
Sui South Gas / Nov 13 Sui Southern Gas Company Limited(SSGC)	22,691,678 ▲ 0.00
Pak Refinery / Nov 13 Pakistan Refinery Limited(PRL)	16,427,996 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular